Vegh, Carlos; Vuletin, Guillermo - National Bureau of Economic Research (NBER) - 2012
tax policy). We build a novel dataset on tax rates for 62 countries for the period 1960-2013 that comprises corporate … income, personal income, and value-added tax rates. We find that, by and large, tax policy is acyclical in industrial … countries but mostly procyclical in developing countries. Further, tax policy in countries with better institutions and/or more …